Montex Pushes Into Texas With $11M-Plus Hotel

SAN ANTONIO-Six months after unveiling their plan, InterContinental Hotels Group and Montex Real Estate Co. next week will break ground on the $11.2-million, 135-room Staybridge Suites Hotel. The hotel will open for business in June 2009.

The project at 808 E. North Loop 1604 is the first one in Texas for Montex Real Estate of Monterrey, Mexico. Atlanta-based InterContinental will manage the hotel.

William Wurzbach, president of the project’s general contracting firm FAS Construction Management of San Antonio, says Montex plans more hotels in Texas, but says the developer hasn’t been specific about the location or the timeframe. He says Montex’s first site is a high-growth area on the city’s north side that is attracting a great deal of development interest. “There’s been lots of residential growth there for years and retail is following the residential,” he says. “There are good school districts in that area. You’re also starting to get into the more scenic Hill Country, where people like to be.”